The Part-Time Real Estate Investor: How to Generate Huge Profits While Keeping Your Day Job [Paperback]

Dan W Blacharski (Author)

Book Description

Publication Date: February 18, 2007

Fortune Magazine states, 97 out of 100 self-made millionaires made their fortunes through Real Estate Investing, and the next 10 years will be a Golden Era for the informed Real Estate Investor. If you are saying to yourself That sounds great but I can not quit my job and begin investing full time. I have bills, kids in school, car payments, and a mortgage to support, you are in luck. This new book is for you! You will learn how to become a skilled professional Real Estate Investor who can generate thousands, and yes, even millions of dollars, in your spare time. Unlike starting a retail business where you need to be there every day, you can work a full-time job and invest in real estate on the side, and reap huge profits. The key is time. The real estate investing business is a perfect part-time business because real estate is a business where the assets appreciate and cash flow is generated even when you are absent. This new book will give you the information and advice necessary to buy, finance, and successfully manage a small number of positive cash flow producing properties in your spare time. Investing in real estate is one of the safest and smartest investments you can make. Real estate appreciates at a rate far greater than the rate of inflation, builds equity, provides a steady return on investment, provides cash flow, and can offer substantial tax benefits. With the sound guidance in this book you will be able to retire comfortably and EARLY! A sampling of what s covered in this encyclopedic book includes: how to find below-market deals, investing with little or no down payment, seller financing, foreclosures and REOs, investment property, negotiating, purchase offers, managing rental property, flipping, auctions, tax sales, financing, mortgage terms, agents, cash flow, inspections, contracts, tenants, lease agreements, insurance, taxes and accounting, escrow, essential mathematical calculations, sample forms, development, taxation, and exchange rules.

Editorial Reviews

Review

This book is a must have for any investor's library. As the president of our local Real Estate Investment Association (REIA), I read numerous books about investing some good, some not so good. Dan does a great job of cutting through the myths of investing in real estate and gets down to the nuts and bolts. --Curtis C. Darragh, President / Founder, Mid-Hudson Valley REIA

ForeWord Magazine's Book of the Year Awards 2008 Career Finalist; ForeWord Magazine's Book of the Year Awards 2007 Finalist --Book Awards

About the Author

Dan Blacharski has been a professional writer and online entrepreneur for over 15 years. He has written six books and ghost-written several others; has produced thousands of print and online features, articles and columns; and has helped many Internet companies jump into the fray. As far as real estate, Dan prefers no-money-down deals, and spends time renovating his own fixer-upper, a 120-year old restored Victorian in the historic district of South Bend, Indiana.

Product Details

• Paperback: 288 pages
• Publisher: Atlantic Publishing Company (FL); illustrated edition edition (February 18, 2007)
• Language: English
• ISBN-10: 0910627029
• ISBN-13: 978-0910627023
• Product Dimensions: 9 x 6.4 x 0.7 inches
• Shipping Weight: 13.6 ounces (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars  See all reviews (15 customer reviews)
• Amazon Best Sellers Rank: #664,501 in Books (See Top 100 in Books)

More About the Author

I am a full-time, work-at-home writer, and I live in South Bend, Indiana with my wife Charoenkwan, and our Boston Terrier, Pladook. We enjoy going to Bangkok every winter to escape the cold, returning to the Midwest only after the tulips are in bloom. Besides the books listed here, I also have written a novel, titled "Siamese Dreams," which I have entered in the Amazon.com novelist contest.

Customer Reviews

Most Helpful Customer Reviews

24 of 26 people found the following review helpful:

5.0 out of 5 stars First real-estate investing book with a humble, realistic perspective, September 27, 2007

By 

Jason Seagraves (Saginaw, Michigan) - See all my reviews
(VINE VOICE)    (REAL NAME)   

This review is from: The Part-Time Real Estate Investor: How to Generate Huge Profits While Keeping Your Day Job (Paperback)

I've read and reviewed a number of "how to make millions investing in real estate" type of books, and I didn't think I'd ever need to read another one, since they are mostly the same (in varying degrees of quality). However, I was attracted to the Part-Time Real Estate Investor precisely because of the humility of its title -- it seeks to help real people achieve real income from real estate while keeping their feet planted solidly on the ground. Since I know the realities of the current real-estate market precludes the possibility of doing it full time (at least from my starting position), I decided to take a gamble on this book, and I wasn't disappointed.

As with any "how-to" real-estate investment book, the Part-Time Real Estate Investor covers a lot of ground, and thus is skimpy on the details in some areas. Fortunately though, this book focuses on some areas that are ignored by the pie-in-the-sky type of investment books. For example, it spends ample time on subjects like "Buying Your First Home," buying a home with bad credit, "Land Contract and Lease Purchases," etc. The bad credit chapter was particularly informative, I thought, as it examines whether or not you should buy a home with below-average credit, given the higher interest rates you'll incur. Most books are simply rah-rah for homebuying (and selling), but this one is more sensitive to individual's situations.

There is no ONE book that will tell you everything you need to know about being a real-estate investor, but this one is a good place to start, particularly for people with realistic and modest goals. Others, like those from the Rich Dad series or by author William Bronchick, are also helpful, especially from a psychological perspective. But this book contains some of the best pure information of any I've read. I would advise others in my shoes to grab this book as well as two others I recently reviewed, Inspect Before You Buy (by Charlie Rose) and Your Real Estate Closing Explained Simply (by Michelle Blain), which go into those two areas in greater depth than this book is able to. No ONE book will teach you all you need to know, but these three books as a set come pretty close!

9 of 9 people found the following review helpful:

5.0 out of 5 stars Great foundation book - read this one first, March 12, 2007

By 

Ryan W. Worthy - See all my reviews
(REAL NAME)   

This review is from: The Part-Time Real Estate Investor: How to Generate Huge Profits While Keeping Your Day Job (Paperback)

This book explains everything you'd need to know to start investing in residential properties. It includes explanations and suggestions from the very basics of starting your own business including how to update your wardrobe and set up a home office as well as delving in depth into the real estate procedures, policies, and terms required to succeed. Unlike many books I've read on real estate investing, this one is easy to read since it is written in a conversational, personal tone (almost like having your own mentor). I especially liked that for most of the concepts explained, he provided examples with actual dollar amounts to help illustrate the ideas. From a technical perspective, this book provides a solid overview of how to buy with little or no money down, how to buy a foreclosed house, how HUD works, the advantages and disadvantages of the "fixer-upper", and the risks and potential gains of abandoned/vacant properties. It also is a good introduction to how real estate taxes work and tips for maximizing your profit. The "Tips and Techniques" section provides good insight and the index makes this not book one you'll want to hang onto. If you were only going to buy one book about real estate investing, this would be the one.

6 of 6 people found the following review helpful:

5.0 out of 5 stars All Fact and No Fluff Makes For a Great Business Building Tool, March 12, 2007

By 

Miranda L. Miller (Tara, ON) - See all my reviews
(REAL NAME)   

This review is from: The Part-Time Real Estate Investor: How to Generate Huge Profits While Keeping Your Day Job (Paperback)

Having read a good deal of real estate investment guides, I had prepared myself for another run-of-the-mill, same old investment book. I was pleasantly surprised, not only by the sheer volume of useful information presented in this book, but also by the incredible organization of Blacharski's innovative take on a popular subject.

Who doesn't want to make money in real estate? The Part-Time Real Estate Investor effectively takes the guesswork out of getting started, making this lucrative investment strategy accessible to even the most novice of real estate investors. Broken into three major sections with twenty-eight comprehensive chapters, this book flows easily from real estate education and goal setting, into the nitty gritty of starting a business and evaluating deals, right into what to do with your earnings once you "make it" in real estate investing. Blacharski has left no stone unturned as he explains in easy to understand terms every important facet of real estate investment.

The techniques and principals outlined in the book are more than fanciful theory, as each is explained in a way that can be applied in real life investing. I found the exhaustive glossary at the back of the guide educational and a great bonus on top of the step-by-step investment strategy throughout the rest of the book. One walks away from this book feeling confident that they have been given the guidance and instruction necessary to make it in real estate investment.